Diamond Business

Kinross (NYSE:KGC) Selling Diavik Diamond Mine Back to Harry Winston (NYSE:HWD)

No matter how you look at it, Kinross Gold (NYSE:KGC) (TSE:K) made a super deal with Harry Winston (NYSE:HWD) for the Diavik Diamond Mine, when they acquired from them in March 2009 for $150 million, and now are turning around and selling it back to them for $220 million. Kinross, which also owns a 19.9 percent stake in Harry Winston, will sell that as well to an unnamed consortium of financial

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SHORE GOLD (TSE:SGF) Entering Diamond Business

Struggling miner Shore Gold (TSE:SGF) is about to enter the diamond business, as it has the goal of developing the first diamond mine in Saskatchewan, Canada.Shore and others interested in the prospect had been waiting for a decision concerning putting a royalty system in place in order to project revenue and earnings.That has now been done, as the Canadian province will take a one percent cut of

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